Ontario · Receivership (court-appointed)
Receivre's fifth report-Supplementary
Court officer report · 15 September 2014
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: In consideration of the payment of a final distribution by the Receiver of $1,250,000 of funds owing from Westport to Daniels and the agreement by the Releasors contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Daniels, on behalf of itself and its respective successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably releases, remises and forever discharges the Releasors and each of their successors and assigns, participants, affiliates, subsidiaries, branches, divisions, predecessors, directors, officers, attorneys, employees, agents and other representatives and advisors, including the Receiver (collectively the "Westport Releasees"), of and from all demands, actions, causes of action, suits, covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims, defenses, rights of set-off, demands and liabilities whatsoever (individually, a "Claim" and collectively, "Claims") of every name and nature, known or unknown, suspected or unsuspected, both arising at law and in equity, which Daniels or any of its successors, assigns or other legal representatives may now or hereafter own, hold, have or claim to have against the Westport Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the day and date of this Agreement, including, without limitation, for or on account of, or in relation to, orin any way in connection with, any of the Daniels Loan the Receivership Order dated January 28, 2013, or any of the other transactions thereunder or related thereto. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 1250000 · cumulative: false · amount high: 1250000 · class label: Daniels · creditor name: Daniels Aquaview Inc. · interim final: final · claims qualifier: unstated · stated on: 2014-09-16 · table missing: